Stamper Companys statement of cash flows shows cash flow from operations of $184,000 The following items also appear on Stampers balance sheet and income statement Depreciation expense $40,000 Accounts receivable increase 12,000 Inventory decrease 28,000 Accounts payable decrease 8,000 What is Stam...

Net income Depreciation expense 40000 Inv ...

Stamper Companys statement of cash flows shows cash flow from operations of $184,000. The following items also

Question:

Stamper Company’s statement of cash flows shows cash flow from operations of $184,000. The following items also appear on Stamper’s and income statement:
Depreciation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $40,000
Accounts receivable increase . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000
Inventory decrease . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,000
Accounts payable decrease. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
What is Stamper’s net income?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...